Zain on track to launch first Bahraini IPO since 2010 on September 2
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Reuters
Dubai
Kuwait-based telecommunications provider Zain will launch its long-awaited initial public offering (IPO) of its Bahraini unit next month, it said yesterday, in what would be the first listing on the kingdom’s bourse since 2010.
The subscription period for the IPO will run from September 2 to September 16, with shares priced at 0.19 dinars ($0.50) each, Zain said in a stock market filing in Kuwait, adding the offering was open to retail investors in Bahrain as well as institutional Read more [...]